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In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
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investment behavior and barriers to investing in EE. A set of 16 barriers is constructed based on the literature. We find that …. The remaining profitable EE investment opportunities still leave room for another 15% of energy savings at the median firm … be an important channel for obtaining EE investment knowledge. …
Persistent link: https://www.econbiz.de/10014317316
how communication mitigates this free-riding problem in an investment-timing game. In our baseline investment-timing game … investor of the group bears the costs of investment while everyone in the group benefits if the project reveals high returns … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …
Persistent link: https://www.econbiz.de/10014299600
investment timings. Players choose when to invest in a nonrival project with uncertain returns. The earliest investor bears the … costs of investment and all players learn whether the project is of good or bad quality. Informational externalities create … free-riding incentives resulting in strategic delays in investment timings. Our theoretical analysis suggests that …
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We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10011378299
greenhouse gases within a politically imposed timeconstraint. Investment subsidies can be an important instrument to stimulate …
Persistent link: https://www.econbiz.de/10011333267
investment in firm-specific cost reduction. They earn negative net profit in early periods, compensated later by strictlypositive …
Persistent link: https://www.econbiz.de/10010372852